CZ pushes back against Binance 'FUD' as blame game for crypto crash persists

The exchange co-founder's post comes amid renewed scrutiny over Binance’s alleged role in October’s crypto flash crash. What to know : Binance co-founder Changpeng Zhao took to X to dismiss what he called "imaginative FUD" accusing him and Binance of causing recent crypto price declines. Zhao denied claims that Binance dumped $1 billion in bitcoin to trigger a weekend sell-off. He defended Binance’s plan to convert its $1 billion Secure Asset Fund for Users from stablecoins to bitcoin over 30 days and rejected suggestions that his skepticism about a "supercycle" means he derailed the market’s long-term bull thesis.